Shares of Booking Holdings Inc (NASDAQ:BKNG) remained under pressure after the company reported first-quarter results.
Here are the key analyst insights:
- DA Davidson analyst Tom White maintained a Buy rating, while cutting the price target from $240 to $230.
- BTIG analyst Jake Fuller reiterated a Buy rating and price target of $250.
Check out other analyst stock ratings.
DA Davidson: Booking reported “generally solid” results, White said in a note. That’s despite the impact of the war in Iran toward the end of the quarter. The company managed to post adjusted EBITDA and earnings ahead of expectations.
However, room nights and gross bookings were lower than its guidance.
Management’s guidance for the second quarter implies that “the direct and indirect headwinds related to the conflict persist through the end of June,” while their …